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Kakinada update

ONGC has decided to exit from the Kakinada refinery and petrochemicals project. But the project is alive as the GMR group remains interested. I think ONGC made the right decision. It will be interesting to see if GMR will be able to improve the project's economics.

Posted to ICIS Blogs (Weblog) by Anonymous on 06-26-2008
Kakinada attracts GMR

Oil and Natural Gas Corp's (ONGC) Kakinada project continues to attract investors despite questions about its viability . The GMR group is the latest and is reported to have formally expressed interest in taking a stake in the refinery and petrochemical project. The board of Kakinada Refinery and...

Posted to ICIS Blogs (Weblog) by Anonymous on 06-23-2008
Projects and protests

I am back from my holiday and have discovered no earthshaking developments in the last few weeks. But the following news articles caught my eye. First, Dow Chemical’s European arm and GACL have agreed on a 50:50 joint venture to produce 200,000 tonnes/year of chloromethanes at Dahej, on the west coast...

Posted to ICIS Blogs (Weblog) by Anonymous on 04-23-2008

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